BTC Quick Review 8.11
4H continues to maintain a bearish trend. The price has reached a key price, long-term moving average resistance + horizontal key resistance, and a low 2 pattern appears, a micro double top. If 6W is not stable, then there is a high probability that the bearish trend will continue to fall. The falling target will first look at 5.66w.
Daily line closed a large volume shadowless positive line on the 8th, a bull surprise bar, which usually represents the consumption of short-term bullish power, testing the long-term moving average resistance at the daily level, and then closed with a negative + a cross star. If the daily line closes at the lowest today, the long upper shadow line + closing at the lowest will be a good bearish signal K.